W<\/span>ashington\/Montreal (Reuters) –<\/strong> Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs.<\/p>\n

The decision by the U.S. International Trade Commission is the latest twist in U.S.-Canadian trade relations that have been complicated by disputes over tariffs on Canadian lumber and U.S. milk and U.S. President Donald Trump\u2019s desire to renegotiate or even abandon NAFTA.<\/p>\n

Trump has not weighed in on the dispute personally, but he has often railed against what he sees as unfair international trade practices such as state subsidies hurting U.S. businesses.<\/p>\n

The commission voted 4-0 on Friday that Bombardier\u2019s prices did not harm Boeing and discarded a U.S. Commerce Department recommendation to slap a near 300-percent duty on sales of Bombardier\u2019s 110-to-130-seat CSeries jets for five years. Boeing\u2019s shares fell slightly.<\/p>\n

<\/p>\n

\u201cIt\u2019s reassuring to see that facts and evidence matter,\u201d said Chad Bown, a senior fellow at the Peterson Institute for International Economics in Washington. \u201cThis part of the trade policy process works unimpeded despite President Trump\u2019s protectionist rhetoric.\u201d<\/p>\n

In a statement, Bombardier called the decision a \u201cvictory for innovation, competition, and the rule of law,\u201d and a win for U.S. airlines and the traveling public.<\/p>\n

Boeing said it was disappointed that the commission did not recognize \u201cthe harm that Boeing has suffered from the billions of dollars in illegal government subsidies that the Department of Commerce found Bombardier received and used to dump aircraft in the U.S. small single-aisle airplane market.\u201d<\/p>\n

Delta said it was pleased with the decision and looked forward to introducing Bombardier\u2019s CS100 to its fleet.<\/p>\n

Former ITC chairman Dan Pearson praised the decision. \u201cNot a single commissioner was willing to buy Boeing\u2019s arguments,\u201d he said. \u201cI think \u2018America First\u2019 is a policy of the White House and the Commerce Department. But it\u2019s not the policy of an independent agency (like the ITC).\u201d<\/p>\n

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The decision may end up helping Trump\u2019s plan to boost U.S. jobs as the CSeries jets for U.S. airlines will be built in Alabama rather than Canada.<\/p>\n

BOEING WIN EXPECTED<\/h3>\n

The ITC had widely been expected to side with Chicago-based Boeing, which alleged it was forced to discount its 737 narrowbodies to compete with Bombardier, which it said used government subsidies to dump the CSeries in the United States during the 2016 sale of 75 jets at \u201cabsurdly low\u201d prices to Delta Air Lines.<\/p>\n

The ITC, which currently has four commissioners, did not give an explanation on Friday for its decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

Washington\/Montreal (Reuters) – Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs. The decision by the U.S. International Trade Commission is the latest twist in U.S.-Canadian trade relations that…<\/p>\n","protected":false},"author":6,"featured_media":6670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,47],"tags":[],"_links":{"self":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9539"}],"collection":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=9539"}],"version-history":[{"count":1,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9539\/revisions"}],"predecessor-version":[{"id":9540,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9539\/revisions\/9540"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/6670"}],"wp:attachment":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=9539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=9539"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=9539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}